Annaly Capital Management Inc. (NYSE:NLY)’s share price fell 2.2% during trading on Thursday . The company traded as low as $10.79 and last traded at $10.79, with a volume of 2,787,747 shares. The stock had previously closed at $11.03.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Compass Point downgraded shares of Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 target price for the company. in a research note on Wednesday, June 15th. FBR & Co reiterated a “buy” rating and issued a $12.00 target price on shares of Annaly Capital Management in a research note on Friday, May 6th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Annaly Capital Management in a research note on Wednesday, April 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.87.

The company has a 50-day moving average of $10.78 and a 200 day moving average of $10.22. The firm has a market cap of $10.00 billion and a P/E ratio of 10810.00.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, May 4th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. During the same quarter in the prior year, the company earned $0.25 EPS. Equities analysts predict that Annaly Capital Management Inc. will post $1.20 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date is Tuesday, June 28th.

A number of large investors have recently modified their holdings of NLY. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Annaly Capital Management by 7.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 117,193 shares of the company’s stock worth $1,099,000 after buying an additional 7,979 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Annaly Capital Management by 3.4% in the fourth quarter. Stephens Inc. AR now owns 136,751 shares of the company’s stock worth $1,283,000 after buying an additional 4,543 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Annaly Capital Management by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 138,013 shares of the company’s stock worth $1,295,000 after buying an additional 1,507 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Annaly Capital Management by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 166,620 shares of the company’s stock worth $1,563,000 after buying an additional 1,000 shares during the last quarter. Finally, Camelot Portfolios LLC increased its stake in shares of Annaly Capital Management by 0.5% in the fourth quarter. Camelot Portfolios LLC now owns 175,273 shares of the company’s stock worth $1,644,000 after buying an additional 941 shares during the last quarter.

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

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